Published date: 7 October 2022

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 21 September 2020, 12am

Contract summary

Industry

  • Software package and information systems - 48000000

Location of contract

London

Value of contract

£1

Procurement reference

BIP713464856

Published date

7 October 2022

Closing date

21 September 2020

Closing time

12am

Contract start date

30 April 2021

Contract end date

29 April 2024

Contract type

Supply contract

Procedure type

Open procedure (below threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

Modification Notice
Original description: The Financial Conduct Authority is modifying the award value for the contract for the provision of a search and discovery (insight engine) solution. The contract is delivering a search and discovery capability to the FCA.

The contract covers the following element, details are:

1) Provision of the software;
2) Implementation of the base functionality in the FCA cloud;
3) Assistance with configuration to meet full FCA requirements;
4) Provide integration to the FCA's Enterprise Data Platform;
5) Transition to support and service model as defined in the requirements.

The initial 3 year term of the contract is being modified from £1,320,186.00 ex VAT to £1,950,022.67 ex VAT.

There are two, three year extension options. Each additional 3 term is estimated to be £897,840 ex VAT but will be subject to an inflationary uplift if extension option is utilised.
Description of the modifications
An increase in to cost of implementation of £623,490 ex VAT and an increase of £16,666.67 ex VAT in software licences to deal with capacity constraints. The delay in implementation led to a saving of £10,320 ex VAT in support charges. The total value of all modifications to date is £6290,836.67 ex VAT. The new contract value for the initial 3 year term is £1,950.022.67 ex VAT.
Description of the economic or technical reasons and the inconvenience or duplication of cost preventing a change of contractor:
Successive Covid lockdowns resulted in resourcing issues during implementation, alongside the delivery team finding unexpected issues during the data ingestion phase.

More information

Links

About the buyer

Address

12 Endeavour Square
London
E20 1JN
UK

Telephone

+442070660911

Email

Paul.Riley@fca.org.uk